Wednesday July 24, 2019

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Startups Pitch Ideas at NY Venture Summit

Manhattan Financial District Cityscape

Image by AndrewHavis via Flickr

Recently youngStartup Ventures hosted the New York Venture Summit in NY’s financial district, which brought together venture capitalists and other investors to hear pitches from startup companies. There were 75 companies that presented their ideas in technology, life sciences, and clean tech.

Sean Cross, a managing director with Investment bank Progress Partners in NY, was the moderator at the event for a panel on making good deals with venture capitalists. Cross gave some valuable advice to the startup community, saying to Xconomy, “You don’t have to be the deepest in technology but any entrepreneur has got to believe they can win. We want to know it’s someone who can take a punch and keep going.” He also added that one of the most important factors is having the right team in place at a startup. Investors want to invest in people who have had success before.